Insurer Beats Workers Comp Claim Due to Wage Miscalculation

Law360, Dallas (July 19, 2013, 10:01 PM EDT) -- A Texas appeals court ruled in favor of Indemnity Insurance Co. of North America on Thursday, saying the insurer isn't liable for supplemental workers compensation payments to an injured elevator installer because the state insurance department mistakenly included health benefits the company paid to a union in the man's average pay.

The Tenth District Court of Appeals, affirming the lower court, said the insurer doesn't have to compensate a former ThyssenKrupp Elevator Corp. worker who was injured on the job and then took a lower-paying position....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.